Sensex, Nifty hit fresh record high levels in early trade
The Hindu
Sensex and Nifty updates on June 19, 2024
Benchmark equity indices Sensex and Nifty hit their new lifetime peaks in early trade on Wednesday, June 19, 2024, amid a firm global market trends, buying in bank stocks and foreign fund inflows.
The bullish trend in early trade comes a day after the Fitch Ratings raised India's growth forecast for the current fiscal to 7.2 per cent from 7 per cent projected in March, citing a recovery in consumer spending and increased investment.
Rallying for the fifth straight session, the 30-share BSE Sensex climbed 280.32 points to hit its fresh lifetime peak of 77,581.46 during the early trade. The NSE Nifty went up by 72.95 points to hit a new record high of 23,630.85.
Among the 30 Sensex companies, IndusInd Bank, ICICI Bank, JSW Steel, Axis Bank, Kotak Mahindra Bank, Infosys, Tata Consultancy Services and HDFC Bank were the biggest gainers.
Titan, NTPC, Power Grid and Bajaj Finance were among the laggards.
In Asian markets, Seoul, Tokyo and Hong Kong were trading higher while Shanghai quoted lower.
US markets ended in the positive territory on Tuesday.
India imposes anti-dumping duties on Chinese steel and refrigerant gas to protect domestic industries from unfair pricing.
Sensex declines for the third day, losing 367 points due to foreign fund outflows and thin trading conditions.
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Indian stock markets closed lower amid volatility, with key firms lagging as global trends influenced trading activity.